All micro loans must be collateral-free: RBI

The RBI has said it proposes to make micro-lending collateral-free, not just for microfinance institutions (MFIs) but for all lenders. Delivering the inaugural address at the Sa-Dhan National Conference on 'Revitalising financial inclusion' on Wednesday, RBI deputy governor Rajeshwar Rao said that current regulations have created a non-level playing field. He said that the current regulatory framework, which was put in place with the objective of making credit available to low-...